Netflix Declines to Counter Paramount's $111 Billion Bid for Warner Bros. Discovery

• •Warner Bros. Discovery declared Paramount Skydance's $111 billion offer superior to Netflix's earlier $83 billion bid, according to Bloomberg and NPR.
• •Netflix's bid covered only streaming services, studios, and intellectual property, while Paramount's offer was for the entire company including CNN and HBO.
• •Netflix declined to submit a revised proposal within its four-business-day window to counter Paramount's offer, per Bloomberg.
• •Paramount offered $31 per share compared to Netflix's $27.75 per share for Warner Bros. Discovery.
• •The pending deal would consolidate Warner Bros. studios, HBO, and CNN under David Ellison's Paramount Skydance.

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